Weighted-Average Cost:

Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. 44 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units Unit Cost $ 36 124 194 104 38 41 Total Cost $ 1,584 4,712 7,954 4,368 $18,618 466 For the entire year, the company sells 413 units of inventory for $54 each. Exercise 6-4A Part 3 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale | Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units Cost per unit Cost of Goods Available for # of units | Sold Sale Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory 1,584 Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total 4,712 7,954 4,368 18,618 466